Wednesday, January 28, 2009

Nifty update for 29/01/2009


Exactly nifty stopped at the res level at 2850-2860 just as mentioned by me in yesterday's post.Now if it trades above the yesterday's high or above my resistant we will see the level of 2890-2900 by today's trading session itself,and above that level it may head towards 2940-2960.Technically speaking the stochastic indicator is in oversold zone so expect some profit booking and also due to monthly contract expiry.

Now move ur nifty future stop loss to 2810-2800 levels.

Yesterday's performance in intraday

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